Showing 1 - 10 of 36
Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
Persistent link: https://www.econbiz.de/10011709869
Most forms of risky behavior reach their peak during adolescence. A prominent line of research is exploring the relationship between people's emotional self-efficacy and risk taking, but little is known about this relationship in the cognitive-deliberative domain among adolescents. The main aim...
Persistent link: https://www.econbiz.de/10011709891
Individual behavioral differences in humans have been linked to measurable differences in their mental activities, including differences in their implicit motives. In humans, individual differences in the strength of motives such as power, achievement and affiliation have been shown to have a...
Persistent link: https://www.econbiz.de/10011709868
Social motives are frequently used to explain deviations from selfishness in non-strategic settings such as the Dictator Game. Previous research has mainly focused on two-player games; the workings of social motives in multiplayer Dictator Games are less well understood. A core feature of...
Persistent link: https://www.econbiz.de/10011709880
probability distributions. Next, we propose an iterative learning and planning mechanism that periodically updates the adversary …
Persistent link: https://www.econbiz.de/10011709883
This paper develops a game-theoretic and epistemic account of a peculiar mode of practical reasoning that sustains focal points but also more general forms of rule-following behavior which I call community-based reasoning (CBR). It emphasizes the importance of counterfactuals in strategic...
Persistent link: https://www.econbiz.de/10011709905
The outcome of many social and economic interactions, such as stock-market transactions, is strongly determined by the predictions that agents make about the behavior of other individuals. Cognitive hierarchy theory provides a framework to model the consequences of forecasting accuracy that has...
Persistent link: https://www.econbiz.de/10011709917
In this article, a class of mean-field-type games with discrete-continuous state spaces is considered. We establish Bellman systems which provide sufficiency conditions for mean-field-type equilibria in state-and-mean-field-type feedback form. We then derive unnormalized master adjoint systems...
Persistent link: https://www.econbiz.de/10013200049
Risk aversion in game theory is usually modeled using expected utility, which was criticized early on, leading to an extensive literature on generalized expected utility. In this paper we are the first to apply μ-σ theory to the analysis of (static) games. μ-σ theory is widely...
Persistent link: https://www.econbiz.de/10013200068
Bitcoin or Facebook's Diem, and chose the tax evasion probability for each currency. The government chose, for each currency …, the probability of detecting and prosecuting tax evasion, the tax rate, and the penalty factor imposed on the household … government's monitoring probability of the national currency, and the penalty factor imposed on the global currency, increased in …
Persistent link: https://www.econbiz.de/10013200096